Savvy institutional investors have already cottoned on to the strength of the luxury goods market.
China is currently the fastest-growing and second-largest luxury goods market in the world, second only to Japan.
The big prize in China is a luxury goods market that has exploded, with new wealth seeking style and status.
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The luxury goods market is booming in China, now the No. 2 luxury good markets in the world after Japan.
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The luxury goods market that Kramer mentioned: China will have a 50% share of that market, estimates CLSA, one of the largest investment firms in the Asia Pacific.
The high sales apparent in the luxury goods market strongly contrast the dismal success of apparel stores, who are having tremendous sales to get consumers in the stores.
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Coach 's fourth-quarter results may be indicative of continued improvement in the luxury goods market as the company posted a 34% jump in profit and issued bullish outlook for fiscal 2011.
In a country of 1.2 billion people, a country where years of staggering economic growth annually create tens of thousands of new millionaires and a recent slowdown has done little damage to a thriving luxury goods market, far less than one ten-thousandth of the population admits they are in the top tax bracket.
In 2012 China will overtake Japan to become the world's largest market for luxury goods , according to the World Luxury Association.
The market for fake luxury goods is nothing new -- knock-off Louis Vuitton bags, Rolex watches -- but the Italian Ferrari ring is an example of just how sophisticated the industry has become in the last few years.
Even an import duty of up to 40% on foreign luxury goods into India has not kept most Western luxury retailers out of the market.
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There is much to think about in this presentation of stock market valuations for luxury vs. daily goods producers in Japan.
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Quite the contrary, Apple products are LUXURY goods that are WAY overpriced compared to similar products on the market.
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Although mid-market department stores are at saturation point, the luxury-goods business is thriving.
In a separate report by Bain for Altagamma, also released Monday, it predicts that the growth of the luxury market will decline, but sales will still be strong in many luxury goods categories and geographical regions.
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Despite the gloom and doom of the past two months, Russia remains a large market in which western companies have already made billions of dollars selling goods ranging from luxury cars to cosmetics.
This kind of demand, especially in a place where counterfeit luxury goods are easy to come by, has led to the assumption that prospects for parts of the Chinese consumer market remain strong despite rapidly-slowing growth in the overall economy.
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